Demystifying digital assets with Martin Green

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That's Lit!

Lightbox

11 episodes

5 days ago

We’re Lightbox. A venture capital firm based in Mumbai run by 4 partners, Sandeep Murthy, Sid Talwar, Prashant Mehta and Jeremy Wenokur. Every year, we sit down and discuss all the things we want to become more familiar with. Learn more about. All the questions we want answered. What we love about the word questions, is that within the word there is a quest, and so every year, we go on a quest to learn even more. This year, we want you to join us and that’s what this podcast is all about. That’s Lit! The Lightbox Podcast where we’re talking about all things culture, consumption and technology.

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Demystifying digital assets with Martin Green

That's Lit!

50 minutes 33 seconds

3 years ago

Demystifying digital assets with Martin Green

On this episode, we're speaking with an expert in investment management, Martin Green, who runs Cambrian asset management. Martin has 25 years experience in the tech sector. He began his career at Morgan Stanley, where he was a senior executive at CNET Networks, which was later acquired by CBS and Meebo, which was acquired by Google. Today, we're going to talk to Martin about the world of crypto, DeFi and NFTs, Web 3.0, the creator economy, and pretty much everything that seems to be puzzling us in this new age and changing everything that's going on.

Quotables:

1) "Now, in the case of bitcoin, what it's doing is, it's essentially a decentralized escrow service. It's giving certainty of the ability to settle a transaction. That's in my view what bitcoin does exceptionally well, and does it uniquely."

2) "So, I'm not in favor of using coal to power bitcoin, but I am in favor of monstrous amounts of energy being utilized for very high value things. And I'm in favor of people being able to make those decisions without a central planning authority saying we like this energy usage, we don't like that energy usage. And I'm also in favor of energy production, I should say that is, as sustainable as possible. So, I realize those things are a little bit in conflict. But I just wanted to say that to start now, bitcoin does, I should say, utilize a fair amount of energy. The amount that is used is in direct relationship to its certainty of settlement, its security. And so, if you want permissionless, decentralized security, it has to come from somewhere."

3) "So imagine if you go back to the origins of the internet and you say, would it be valuable to have the ability to transfer bits across a distributed computer network and without having to clear them through a central intermediary? And then someone proposed TCP IP, and that became a standard. Now imagine if instead of TCP IP being just an open protocol where there is no finite number of TCP IP addresses. Imagine if there was, but they were divisible. That's essentially what you have with bitcoin. And so, what you're doing is essentially owning a piece of the TCP IP infrastructure, but for value bits now."

Episode notes and transcriptions available on: https://lightbox.vc/new-thinking/